Beyond Meat?

Submitted by ScummyCivicOwner t3_1280o7z in wallstreetbets

Anybody invested in this? I feel like it’s been kinda down the last year and could maybe start going up. I don’t know shit about stocks, but young people like to not eat meat for some reason and they are the worlds future spenders. I hate vegans and think soy based proteins are a bad dietary choice. I think this stock has the potential to be sent to the moon.

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VisualMod t1_jegnuw4 wrote

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ABadAssGuy t1_jegp49h wrote

I just heard a story on NPR discussing how the plant based meat trend is dying out now. Apparently a lot of nutritionists have analyzed the products and they are more unhealthy than the real thing because the plant based meats are way over processed with many additives in it. Personally, I would stay away from it.

This is not financial advise. Just a guy relaying some info from an NPR story.

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grimkhor t1_jegp9fk wrote

I actually like the product but I don't like the stock at all. Food is a very bad business.

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Maelifa t1_jegp9z7 wrote

I work for frito lay, we sell this absolutely horrible seller of an item. Just a week ago they had us pull a bunch of the product and not count that as stales towards our commission. No one was able to sell them. Expiry date is extremely long and still impossible to sell

The jerky that is

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HGDuck t1_jegpv7e wrote

It's literal trash you shove down your throat, tastes like shit and to top it off, it's expensive as hell, meaning nobody who isn't virtue signaling and has too much money while also having no brain is going to touch this crap more than once. Better off buying puts and watch it go to Zero.

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grimkhor t1_jegqwg6 wrote

Replying to HGDuck (#2,553,964)

I don't know what you're talking about. I'm not vegan at all and I think it tastes great. Prices are also fine. Stock is really bad so I would agree on the puts.

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backdoorbandaid t1_jegrh8z wrote

You should investigate their financials. It's not looking good.

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Ozi_404 t1_jegrle5 wrote

I only eat behind Wendy's

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greenskew t1_jegs57m wrote

You keep beating that meat beyond belief and it will just turn red. Why do all that when it is already red?

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Loose_Mail_786 t1_jegtjjm wrote

As a BROKIE Instacart shopper I almost never get any of that trash for customers. That’s my DD.

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CatonHotSand t1_jegumph wrote

When’s earning? Not announced yet? I only see a range.

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anonymousperson767 t1_jegw8xe wrote

Plant based meats are dead.

VC's are now looking at lab grown, specifically in countries that permit it (not the US)

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PresterJohnsKingdom t1_jegwedm wrote

Pretty extensive analysis here. I would buy in, but it's missing rocket emojis.

No rockets, no deal.

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nononononofin t1_jegwnlx wrote

> I don’t know shit about stocks

But also

> I think this stock has the potential to be sent to the moon.

Peak WSB

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nononononofin t1_jegxehz wrote

On a more serious note; they lost almost 70 million dollars last quarter. They had -85% net profit margin in the same quarter. They have a negative PE ratio.

I’m one of the few people who enjoys beyond meat products, even though I’m not a vegan or vegetarian. But yeah I wouldn’t touch this stock with a 10 foot pole.

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PresterJohnsKingdom t1_jegxu89 wrote

Replying to ScummyCivicOwner (#2,556,997)

...every day's the same when you're unemployed I guess?

I suppose I should warn you of the macroeconomic headwinds facing the automotive market...slowing car sales, chip shortages, etc. but seems you've made your play already. There are certainly worse companies than HMC to park your money, and Beyond is one of them.

Godspeed, fellow regard.

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UCACashFlow t1_jegy9uq wrote

Nope. Their business performance is poor, so there’s no reason to expect meaningful growth, especially since the product is targeted towards health-conscious consumers, but has more sodium and saturated fats than meat. Plus it doesn’t have the nutrients one would get from meat (with the exception of high calcium).

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paulc19802 t1_jegyfbh wrote

Do you want to eat meat or a clean non-processed plant based diet?

Kind of a trick question. Because the answer doesn't matter as Beyond Meat is neither of those things.

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mazarax t1_jeh2tpm wrote

First: Revenue stopped growing:

'22: 418,933

'21: 464,700

'20: 406,785

'19: 297,897

Second: They have never made a profit

Depending on what you have paid for it, I would exit. If you paid $100+, it is too late, you may as well hold it to zero. If you recently bought it, I would sell immediately, before it goes down further.

My simple rule of investing: a corp needs to be either growing, or be profitable. If it is neither, it is dead.

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